Education Loans from HDFC Bank

HDFC Bank offers a range of loan schemes to different segments of its customers. Being one of the popular private sector banks in India, HDFC Bank also offer special loan schemes for students who need financial assistance in paying for their higher education. As of November 2020, the bank offers two education loan schemes for students who want to pursue higher education in India and abroad.

The education loans from HDFC Bank:

1. Education Loan for Indian Education
2. Education Loan for Foreign Education

In addition, the bank offers one Government of India Interest Subsidy Scheme on education loans.

We give you a brief intro to the two education loans and the interest subsidy scheme offered by the bank below. In addition, you have the option to click further and read in detail about each loan and the subsidy scheme on specific pages of their own. The specific pages have been made specifically for you to get all the information you need on that loan in an uncluttered and easy-to-read format. But we are not perfect and so if you think we have missed out on something, please do email us with the details and we will add the same.

HDFC Bank Education Loan for Higher Studies in India

This HDFC Bank study loan helps students finance their education and realise their dreams of pursuing higher education at recognised educational institutions in India. The maximum loan amount you can get is Rs. 20 lakh. Applicants can avail tax rebate under Section 80E of the Income Tax Act, 1961 on interest paid for this loan. Let’s look at its different features:

Features of HDFC Bank Education Loan for Higher Studies in India

Why this Loan?

• The loan is meant to help students who have secured admission into a higher education course in a recognised institution in India through Entrance Test or Merit-based Selection Process
• This HDFC Bank Education Loan for Indian Education is disbursed as a series of payments over the required number of years and not as a lump sum
• The loan can be taken for all expenses directly related to the course including for fees, purchase of books, laptops, hostel fees, lab fees, examination fees, etc.
• You can get a collateral-free loan of up to Rs. 7.5 lakh under this scheme

HDFC Bank Education Loan for Higher Studies Abroad

This HDFC Bank study loan helps students finance their education and realise their dreams of pursuing higher education at recognised educational institutions in a foreign country. Applicants can get the entire cost of education covered with no upper limit if the loan is secured with a collateral. Let’s look at its different features:

Features of HDFC Bank Education Loan for Foreign Education

Why this Loan?

• The loan is meant to help students who have secured admission into a higher education course in a recognised institution abroad through Entrance Test or Merit-based Selection Process
• This HDFC Bank Education Loan for Foreign Education is disbursed as a series of payments over the required number of years and not as a lump sum
• The loan can be taken for all expenses directly related to the course including for fees, purchase of books, laptops, hostel fees, lab fees, examination fees, etc.
• You can get a collateral-free loan of up to Rs. 35 lakh under this scheme

HDFC Bank Government of India Interest Subsidy Schemes

The bank offers one Government of India Interest Subsidy Scheme on education loans for meritorious and deserving students. The scheme is:

1. Central Scheme of Interest Subsidy for Education Loan

---

Reference Facts

• HDFC Bank Website: www.hdfcbank.com
• Headquarters: Mumbai, Maharashtra
• Call Centre Toll-Free Number: 1860 267 6161